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The value of a property decreases every year at the rate of 5%. If its present value is ₹ 4,11,540, what was its value 3 years ago ?
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- ₹ 4,50,000
- ₹ 4,60,000
- ₹ 4,75,000
- ₹ 4,80,000
Correct Option: D
Using Rule 18,
Value of the property 3 years ago
| = | P | ||||
 | 1 - |  | T | ||
| 100 | |||||
| = | 411540 | ||||
| 1 - | | 3 | ||
| 100 | |||||
| = | = ₹ 480000 | |
| 19 × 19 × 19 |
